Dicks Sporting Goods (NYSE:DKS)‘s stock had its “neutral” rating reissued by analysts at Wedbush in a report issued on Wednesday, March 7th, MarketBeat.com reports. They presently have a $32.00 target price on the sporting goods retailer’s stock, up from their previous target price of $28.00. Wedbush’s target price suggests a potential downside of 8.36% from the stock’s previous close. Wedbush also issued estimates for Dicks Sporting Goods’ Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $3.02 EPS and FY2019 earnings at $2.88 EPS.

A number of other equities analysts have also recently weighed in on the stock. Citigroup raised shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $35.00 in a research report on Tuesday, December 19th. Royal Bank of Canada reduced their price target on shares of Dicks Sporting Goods from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 15th. Barclays lowered shares of Dicks Sporting Goods from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $33.00 to $25.00 in a report on Monday, February 5th. Oppenheimer restated a “hold” rating on shares of Dicks Sporting Goods in a report on Tuesday, November 14th. Finally, Susquehanna Bancshares upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $25.00 to $41.00 in a report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.85.

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Shares of Dicks Sporting Goods (NYSE:DKS) traded up $0.10 during midday trading on Wednesday, hitting $34.92. 3,948,663 shares of the stock were exchanged, compared to its average volume of 4,102,955. The company has a market capitalization of $3,739.77, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.56. Dicks Sporting Goods has a 52 week low of $23.88 and a 52 week high of $52.31. The company has a current ratio of 1.41, a quick ratio of 0.25 and a debt-to-equity ratio of 0.03.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Dicks Sporting Goods had a net margin of 3.77% and a return on equity of 16.86%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.32 earnings per share. analysts forecast that Dicks Sporting Goods will post 2.93 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Cerebellum GP LLC acquired a new position in shares of Dicks Sporting Goods during the 4th quarter worth about $122,000. Delpha Capital Management LLC acquired a new position in shares of Dicks Sporting Goods during the 4th quarter worth about $132,000. Toronto Dominion Bank increased its stake in shares of Dicks Sporting Goods by 169.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after purchasing an additional 2,927 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Dicks Sporting Goods during the 3rd quarter worth about $132,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Dicks Sporting Goods during the 4th quarter worth about $188,000. Hedge funds and other institutional investors own 71.27% of the company’s stock.

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Dicks Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.